BAKU, Azerbaijan, April 28. The current loan portfolio of projects of the European Bank for Reconstruction and Development (EBRD) in Azerbaijan was estimated at 823 million euros as of April 1, 2022, Trend reports with reference to EBRD.
The loan portfolio is aimed at the implementation of 33 projects.
Most of the project portfolio (88 percent, or 724 million euros) is directed to investments in sustainable infrastructure, eight percent or 69 million euros to investments in industry, trade, and agricultural sector, and four percent or 30 million euros to investments in financial institutions.
EBRD has generally invested over 3.4 billion euros on 181 projects in Azerbaijan. EBRD provided loans in the amount of 17 million euros for the implementation of six projects in Azerbaijan and over the past four years, this figure has reached 857 million euros for lending to 34 projects in the public and private sectors.
EBRD has been cooperating with Azerbaijan since 1992 and EBRD is the country's leading investor.